Comments on: Is the Tax Credit Working? http://www.pruvoices.com/2009/04/is-the-tax-credit-working/ Conversations in Real Estate Tue, 27 Jul 2010 15:36:23 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Lee Ginsburg http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-968 Lee Ginsburg Tue, 05 May 2009 02:26:29 +0000 http://www.pruvoices.com/?p=1136#comment-968 Adam, Yes the $8000 fed tax credit and the $10,000 State tax credit is a major incentive. Considerably better than the interest free loan incentive we had last year. Buyers please keep in mind this is not forever. To receive the Fed credit of $8000 the transaction must close by Nov. 31, 2009. That is going to come mcuh quicker than you might think. The state credit is limited to $100,000,000. Sounds like a lot but I think it might be 1/3 accounted for already. New Home buyers hurry up! I understand some States are offering bridge loans for the $8000 fed credit. Allowing the buyer to use the $8000 towards his down payment. Wow not that is a big help. Anyone know if California is working on that? Adam,
Yes the $8000 fed tax credit and the $10,000 State tax credit is a major incentive. Considerably better than the interest free loan incentive we had last year. Buyers please keep in mind this is not forever. To receive the Fed credit of $8000 the transaction must close by Nov. 31, 2009. That is going to come mcuh quicker than you might think. The state credit is limited to $100,000,000. Sounds like a lot but I think it might be 1/3 accounted for already. New Home buyers hurry up!
I understand some States are offering bridge loans for the $8000 fed credit. Allowing the buyer to use the $8000 towards his down payment.
Wow not that is a big help. Anyone know if California is working on that?

]]> By: michael monozon http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-939 michael monozon Tue, 21 Apr 2009 14:46:48 +0000 http://www.pruvoices.com/?p=1136#comment-939 Adam, great information, It would appear that the new home builder might be the most motivated of all sellers. While the recent past may not have had the best results, over the past 20 years or so the purchase of new construction has been a real strong investment. One big advantage has been the lack of repairs and remodeling that older homes may have needed. History has a habit of repeating itself, maybe this is the beginnig of that solid growth in new construction Adam, great information, It would appear that the new home builder might be the most motivated of all sellers. While the recent past may not have had the best results, over the past 20 years or so the purchase of new construction has been a real strong investment. One big advantage has been the lack of repairs and remodeling that older homes may have needed. History has a habit of repeating itself, maybe this is the beginnig of that solid growth in new construction

]]> By: Adam Chinn http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-937 Adam Chinn Mon, 20 Apr 2009 23:24:11 +0000 http://www.pruvoices.com/?p=1136#comment-937 Thanks everyone for the comments. As Brain mentioned most builders are offering great price reductions, free upgrades and special financing, a few things I forgot to mention. Not only do you get a brand new home but the price can be lowered with upgrades thrown in...WOW, things sure have changed, now is a great opportunity to make that move to purchase a new home. Thanks everyone for the comments. As Brain mentioned most builders are offering great price reductions, free upgrades and special financing, a few things I forgot to mention. Not only do you get a brand new home but the price can be lowered with upgrades thrown in…WOW, things sure have changed, now is a great opportunity to make that move to purchase a new home.

]]> By: Larry Franzella http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-933 Larry Franzella Mon, 20 Apr 2009 19:02:22 +0000 http://www.pruvoices.com/?p=1136#comment-933 The total credit available to a buyer of a new home of $18,000. is a great incentive. Larry The total credit available to a buyer of a new home of $18,000. is a great incentive.

Larry

]]> By: Brian Boisson http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-932 Brian Boisson Mon, 20 Apr 2009 14:54:48 +0000 http://www.pruvoices.com/?p=1136#comment-932 Great comments Adam! As from the tax credits, most builders are bending over backwards to put a deal together, with price reductions, free upgrades, special financing etc. It is a great time to be in the market for a new home. Brian Great comments Adam!

As from the tax credits, most builders are bending over backwards to put a deal together, with price reductions, free upgrades, special financing etc.

It is a great time to be in the market for a new home.

Brian

]]> By: Jonathan Shaw http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-930 Jonathan Shaw Sun, 19 Apr 2009 23:49:26 +0000 http://www.pruvoices.com/?p=1136#comment-930 Hi Adam, Great article, again supporting that we are slowly moving in the right direction and these incentives will help first time buyers enjoy their first homes. Jonathan Hi Adam,
Great article, again supporting that we are slowly moving in the right direction and these incentives will help first time buyers enjoy their first homes.
Jonathan

]]> By: Kathy Wall http://www.pruvoices.com/2009/04/is-the-tax-credit-working/comment-page-1/#comment-929 Kathy Wall Sun, 19 Apr 2009 20:00:14 +0000 http://www.pruvoices.com/?p=1136#comment-929 Hey Adam... Terrific 1st blog! I truly do believe that we're hitting the bottom. Lots and lots of people out looking right now and more seem less afraid to make the jump. Hey Adam…

Terrific 1st blog! I truly do believe that we’re hitting the bottom. Lots and lots of people out looking right now and more seem less afraid to make the jump.

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